Mortgage and Financial News From 2007-12-22 Page 14
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Subprime woes draw plenty of foreign interest
St. Louis Post-Dispatch - There is a growing interest by foreign investors in U.S. financial companies that have been battered by the subprime mortgage crisis. On Wednesday, Morgan Stanley received $5 billion from the Chinese government's China Investment Corp. And on Friday ...
2007-12-22 01:14:00 -
Job creation slows, consumer confidence drops in Florida
Fort Lauderdale Sun-Sentinel - Now, unemployment is beginning to spread to banks, mortgage companies and others in financial services. In November, Broward lost 300 jobs in finance and insurance, which is equal to job losses in construction. Palm Beach County lost 300 jobs in ...
2007-12-22 01:49:00 -
Heat a casualty in foreclosures
Boston Globe - Tenants in some foreclosed Boston apartment buildings are living without adequate heat because the new landlords - mortgage companies often based in other states - have not repaired broken systems or paid for the delivery of heating oil. Karla ...
2007-12-22 01:28:00 -
Heat a casualty in foreclosures (Boston Globe)
Tenants in some foreclosed Boston apartment buildings are living without adequate heat because the new landlords - mortgage companies often based in other states - have not repaired broken systems or paid for the delivery of heating oil.
2007-12-22 12:05:36 -
Number of first-time house buyers at lowest since 1988
Scotsman - Melanie Bien, a director at the independent mortgage broker Savills Private Finance, said: "The sharp increases in prices in recent years are unsustainable so the fact that realism has returned is encouraging. However, many first-time buyers will ...
2007-12-21 08:49:00 -
Number of first-time buyers falls to its lowest for almost 30 years
Times Online - Richard Morea, technical director at London & Country mortgages, a mortgage broker, said: “In most cases, first-time buyers just can’t afford the mortgage repayments. House prices have simply left them behind.” Stamp duty, which is payable on ...
2007-12-21 01:39:00 -
Herald-Tribune readers respond to needy families
Herald Tribune - Carlos Avella of Sarasota works full time and his fiancée, Marisol, attends school full time, works part time and cares for their 8-month-old son, Adrian. The couple relied on buses and friends to get to jobs and school. A mortgage broker gave them ...
2007-12-22 01:21:00 -
Bills to help struggling homeowners advance
St. Petersburg Times - Skeens, head broker at Carteret Mortgage Corp. in Waldorf, Md., says FHA is far more lenient on credit history issues than any of its competitors, and routinely funds applicants who have prior bankruptcies and foreclosures in their files. With a zero ...
2007-12-22 01:14:00 -
Eliasof collaborator pleads guilty
NorthJersey.com - NEWARK -- Frank Corallo, a former mortgage broker from Wantage, was the latest to plead guilty in a Paterson real estate scam that left banks holding more than $1 million in worthless loans. On Friday, Corallo stood before U.S. District Judge Jose L ...
2007-12-22 01:06:00 -
Morganville man is accused in $2.7M mortgage loan fraud (Morris Ledger)
State authorities said yesterday they rounded up six people and seized bank accounts, expensive cars, boats and property after pulling the plug on a complex mortgage loan scam that raked in $2.7 million.
2007-12-21 09:48:44 -
Eliasof collaborator pleads guilty (Herald News)
NEWARK -- Frank Corallo, a former mortgage broker from Wantage, was the latest to plead guilty in a Paterson real estate scam that left banks holding more than $1 million in worthless loans.
2007-12-22 01:20:17 -
Forbes Gurus: Best Investment Ideas For 2008
Forbes - ... Bear Stearns (nyse: BSC - news - people ) suffered big losses due to risky mortgage-related holdings that ... and the ugly surprises investors experienced during 2007's wild market ride, there is one bit of investment advice all of ...
2007-12-21 01:54:00 -
The farmers son who toiled to make it in life
Fiji Times - ... the present Tui Vuda and President Ratu Josefa Iloilo and Swani is proud of it and people still come to him seeking advice. ... What little we had was from my salary and we had to mortgage our property to start the business." Email to a friend Print this ...
2007-12-22 12:52:00 -
Seek a lawyer to help with home ownership issues
Owen Sound Sun Times - ... how your parents were able to "purchase" this home; however, if you signed a document that named you as the mortgage guarantor - knowing your siblings' situations - you allowed yourself to be put in this position. Now you need a lawyer's advice on ...
2007-12-20 12:04:00 -
Moneymakers: Janet Caylor of Merrill Lynch
Houston Chronicle - ... giant investment bank and investment adviser suffered billions of dollars in losses in the fallout from the subprime mortgage ... How can you help those who might actually need professional advice more? A: Merrill Lynch has a financial advisory center ...
2007-12-19 03:58:00